A Practical, Results-Oriented Approach to Employee Innovation
If you’re like most business leaders, you feel conflicted about employee innovation. You know innovation is more important than ever, and you believe that some of your employees truly have the potential to make it happen. But you worry that distraction, waste, and failure will outweigh the reward, so you set it aside hoping that, someday, a better option will come along. With LaunchPath, that day has come.
Define the Opportunity
Choose Your Goals. Innovations fall into three broad categories - improve, expand, and create. Help your employees align their entrepreneurial passions with your strategic objectives by
Establish Metrics & Criteria. Add the SMARTs to your goals by defining program success metrics and the specific criteria by which each innovation project will be evaluated.
Set Budgets. Eliminate the risk of runaway costs and distraction by setting and enforcing budgets for innovation time, funds, and incentives.
Inspire the Team
Create Vision. Challenge every employee to embrace their intrapreneurial opportunity through inspiring email invitations and in-app messaging.
Connect the Community. Empower innovators from all departments and locations to connect and collaborate using familiar social features such as activity feeds, sharing, and commenting.
Celebrate Achievement. Someone just shared a great idea! A big innovation just cleared a major hurdle! LaunchPath lets your innovators know and celebrate these events in real-time.
Develop the Talent
Create Alignment. Align your team’s ideas and efforts with the strategic interests of the organization using an innovation scorecard, peer reviews, and technology-enabled management reviews.
Provide Guidance. Guide employees step-by-step through the lean innovation process using the Progress Board, tool tips, orientation videos, and live chat support from a dedicated LaunchPath Success Manager.
Deliver Self-Paced Training. Develop your team’s intrapreneurial knowledge, skills, and ability via a comprehensive curriculum of self-paced training videos and interactive webinars.
Drive the Process
Monitor Progress. Measure & report employee participation, productivity, and innovation ROI in a format that empowers proactive management of your intrapreneurship program.
Make Decisions. Empower your management team to efficiently and effectively evaluate innovations and make smart choices using the LaunchPath Evaluation Center.
Invest with Confidence. Resource your intrapreneurs with success-based innovation time and funds via management-allocated Stage Passes.
Create a Culture of Innovation. Demonstrate your commitment to innovation. Get everyone speaking the same language. Create & celebrate intrapreneur success stories.
Engage Top Talent. Become an employer of choice by giving your employees a “Googlesque” opportunity to harness their creativity and unleash their potential.
Innovate More Efficiently. Leverage the entrepreneurial passions of your existing team to simultaneously increase the activity, capacity, and productivity of your innovation pipeline.